<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=Windows-1252">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div style="font-family: "Times New Roman", Times, serif; font-size: 11pt; color: rgb(0, 0, 0);" class="elementToProof">
Thanks - great advice </div>
<div class="elementToProof">
<div style="font-family: "Times New Roman", Times, serif; font-size: 11pt; color: rgb(0, 0, 0);">
<br>
</div>
<div id="Signature">
<div>
<div style="font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12pt; color: rgb(0, 0, 0);">
<img style="max-width:100%" data-outlook-trace="F:1|T:1" src="cid:8d8ad2c5-ac8e-4cab-87ae-b9094099fb2b"><br>
</div>
</div>
</div>
</div>
<div id="appendonsend"></div>
<hr style="display:inline-block;width:98%" tabindex="-1">
<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> on behalf of Nick Pleasants <npleasants@ohswlaw.com><br>
<b>Sent:</b> Thursday, June 29, 2023 2:01 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBAPT] Can you put a property with a Reverse Mgt into Revocable Trust ?</font>
<div> </div>
</div>
<style>
<!--
@font-face
{font-family:"Cambria Math"}
@font-face
{font-family:Calibri}
p.x_MsoNormal, li.x_MsoNormal, div.x_MsoNormal
{margin:0in;
font-size:11.0pt;
font-family:"Calibri",sans-serif}
a:link, span.x_MsoHyperlink
{color:#0563C1;
text-decoration:underline}
span.x_EmailStyle21
{font-family:"Calibri",sans-serif;
color:windowtext}
.x_MsoChpDefault
{font-size:10.0pt}
@page WordSection1
{margin:1.0in 1.0in 1.0in 1.0in}
div.x_WordSection1
{}
-->
</style>
<div lang="EN-US" link="#0563C1" vlink="#954F72" style="word-wrap:break-word">
<div class="x_WordSection1">
<p class="x_MsoNormal">Michael,</p>
<p class="x_MsoNormal">I have seen it done. If it is an HECM (Home Equity Conversion Mortgage), that is an FHA-insured Reverse Mortgage, then the HUD rules specifically allow it. See
<i>Housing Handbook 4235.1 at 4-5(A) “Conditions for Origination in the Name of a Living Trust”</i>.
<a href="https://www.hud.gov/sites/documents/42351C4HSGH.PDF">https://www.hud.gov/sites/documents/42351C4HSGH.PDF</a> My sense is that if you tell the lender in advance that you want to obtain the loan as part of a living trust, they can allow it. I don’t believe
that the usual Garn St. Germain Act preemption applies, so you really should only transfer a property with a reverse mortgage to a living trust after obtaining lender’s approval.</p>
<p class="x_MsoNormal">Best, </p>
<p class="x_MsoNormal">Nick</p>
<p class="x_MsoNormal"> </p>
<p class="x_MsoNormal"><b><span style="font-size:12.0pt; color:black">Nicholas Pleasants | Shareholder
</span></b></p>
<p class="x_MsoNormal"><b><span style="color:black"> </span></b></p>
<p class="x_MsoNormal"><span style="color:#70AD47"><img border="0" width="223" height="95" id="x_Picture_x0020_2" alt="OseranHahnAttyatLaw 8" style="width:2.3229in; height:.9895in" data-outlook-trace="F:1|T:1" src="cid:image002.jpg@01D9AA92.347E4D60"></span></p>
<p class="x_MsoNormal"><span style="color:#70AD47"> </span></p>
<p class="x_MsoNormal"><span style="color:black">11225 SE 6<sup>th</sup> Street | Suite 100 | Bellevue, WA 98004<br>
Main: (425) 455-3900 | Fax: (425) 455-9201 | E-mail: <a href="mailto:npleasants@ohswlaw.com">
<span style="color:#0563C1">npleasants@ohswlaw.com</span></a> </span></p>
<p class="x_MsoNormal"><span style="color:black"> </span></p>
<p class="x_MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt; font-family:"Times New Roman",serif; color:#1F497D">CONFIDENTIALITY NOTE: This e-mail message contains information belonging to the law firm of Oseran Hahn, P.S., which may be
privileged, confidential and/or protected from disclosure. The information is intended only for the use of the individual or entity named above. If you think that you have received this message in error, please e-mail the sender. If you are not the intended
recipient, any dissemination, distribution or copying is strictly prohibited.</span></p>
<p class="x_MsoNormal"> </p>
<p class="x_MsoNormal"> </p>
<p class="x_MsoNormal"> </p>
<div>
<div style="border:none; border-top:solid #E1E1E1 1.0pt; padding:3.0pt 0in 0in 0in">
<p class="x_MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>michael westseattleattorney.com<br>
<b>Sent:</b> Thursday, June 29, 2023 11:07 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBAPT] Can you put a property with a Reverse Mgt into Revocable Trust ?</p>
</div>
</div>
<p class="x_MsoNormal"> </p>
<div>
<p class="x_MsoNormal"><span style="font-family:"Times New Roman",serif; color:black">Hi, Does Anyone know if a person can put a property subject to a Reverse Mgt into Revocable Trust? The client does not have documents so hoping to avoid a long wait to get
the DOT etc if anyone knows. Thanks, Mike </span></p>
</div>
<div>
<div>
<p class="x_MsoNormal"><span style="font-family:"Times New Roman",serif; color:black"> </span></p>
</div>
<div id="x_Signature">
<div>
<div>
<p class="x_MsoNormal"><span style="font-size:12.0pt; color:black"><img border="0" width="500" height="100" id="x_Picture_x0020_1" style="width:5.2083in; height:1.0416in" data-outlook-trace="F:1|T:1" src="cid:image001.png@01D9AA91.BD02AFB0"></span><span style="font-size:12.0pt; color:black"></span></p>
</div>
</div>
</div>
</div>
</div>
</div>
</body>
</html>